Herbert Law Firm LLC specializes in real estate law in the Gulf Shores area. As a local company we are well-equipped to deal with the specific situations that may arise in the region, and we know how to handle the paperwork needed to get things taken care of quickly and efficiently.
Our service area includes Baldwin County, Gulf Shores, and Orange Beach - and we are pleased to handle 1031 exchanges throughout the United States and its territories.We have many satisfied clients in the region and we offer reasonable rates. Great customer service is something we pride ourselves on, and we work with you every step of the way to make sure you are fully satisfied with our representation.
Our service area includes Baldwin County, Gulf Shores, and Orange Beach - and we are pleased to handle 1031 exchanges throughout the United States and its territories.We have many satisfied clients in the region and we offer reasonable rates. Great customer service is something we pride ourselves on, and we work with you every step of the way to make sure you are fully satisfied with our representation.
Services
Let Herbert Law Firm LLC be your professional intermediary in handling your 1031 real estate exchanges. We handle many different types of real estate issues, and we have the experience to do a thorough job for our clients. From 1031 exchanges to condominium law and more, we can help you navigate complex legal situations and explain the options you have available.
Herbert Law Firm LLC has experience in many areas when it comes to real estate law. We handle basic cases, such as buying and selling, and we can help with sales contracts and standard documents. We are also equipped to deal with more complex issues such as condominium law, and commercial and small business law cases.
Herbert Law Firm LLC can help you with a 1031 exchange, and everything that is involved in this type of transaction. We have the experience to get you through the process quickly and easily.
IRS Section 1031 provides that the exchange of certain types of property will not result in the recognition of gain or loss: "No gain or loss shall be recognized if property held for productive use in a trade or business or for investment purposes is exchanged solely for property of a like-kind."Learn more about this below and call us to sit down and discuss the possibilities.
IRS Section 1031 provides that the exchange of certain types of property will not result in the recognition of gain or loss: "No gain or loss shall be recognized if property held for productive use in a trade or business or for investment purposes is exchanged solely for property of a like-kind."Learn more about this below and call us to sit down and discuss the possibilities.
Herbert Law Firm LLC can help you navigate tax free exchanges in the Gulf Shores area. We have experience in this arena, and we know the real estate in this region very well. We've tried to outline some of the basic principles behind tax free exchanges in the following paragraphs, but if you have questions about how they work, or want to make an appointment, please call our office in Gulf Shores.
Herbert Law Firm LLC is prepared to structure Section 1031 Exchanges as "reverse exchanges" or as "improvement exchanges." These are now authorized under IRS Revenue Procedure 2000-37. This procedure provides a "safe harbor" for taxpayers engaged in a "reverse" exchange - a tool we have employed for years - but which is now recognized as acceptable by the IRS.
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Tom Applewhite
Jul 01, 2021
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